NGC Certifies Mexico 60 Peso Error Coin Struck on U.S. $10 Liberty

The 1916 Gold 60 Peso was struck in Oaxaca, Mexico. Oaxaca is one of the southern states in Mexico. The coins bear the portrait of Benito Juarez. These coins were struck by a Provisional Government during the revolution. The original dies for the 1916 60 Peso were impounded at the American Numismatic Society (ANS) almost a century ago.

Here is a comparison with a regular Gold 60 Pesos and $10 Liberty:

The specifications for the 1916 Oaxaca Gold 60 Pesos are:

Composition: Gold

Fineness: 0.8590

Weight: 50.0000g

AGW: 1.3808735351327oz

The specifications for the U.S. $10 Liberty are:

Composition: Gold

Fineness: 0.9000

Weight: 16.7200g

AGW: 0.4837oz

The Smithsonian Institution recently preserved a collection through NGC encapsulation that included a Mexico 1916 Oaxaca Gold 60 Peso. They describe it as being “one of a handful of survivors from an original mintage of 21 pieces.”

Krause lists the 1916 60 Pesos as rare, with a value of $20,000 USD in XF40 and $35,000 in MS60. A gem specimen sold in an ANR auction (Eliasberg) for $74,750.

This spectacular gold error coin is in almost uncirculated condition with original and attractive toning. There is a considerable amount of detail remaining from the understrike. On the obverse the denticles and some detail are visible from the $10 Liberty design.

On the reverse the shield and some detail are visible as well.

The complete reeding from the $10 Liberty is intact. This fascinating and dramatic numismatic rarity will eventually be the centerpiece of a major world gold coin collection or a collection of U.S. $10 gold coins.